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fed can prop up the stock market and keep stock markets growing aroundded the world like they did in greece but you need sustainable economic policy. that something we do not have and that's what we need to see, to see the market continue to stay at these levels, not just reach a moneystone and then sell off. >> neil: melissa -- you might have already done the interview, talking to davey diamond, the brains behind j.p. morgan chase. he has been looking at the market' worried about what is underneath it. right? reporter: absolutely. i haven't done that interview yet. it's at the top of the very next hour. so i would never encourage anyone to tune away from the fox news channel, but if they happen to click over to fox business at the top -- in the next hour, you'll see jamie diamond and i have no doubt he will talk about the economy. i'm going to ask him about all the sequester nonsense going on in washington and why isn't that having an impact on the market in how can we talk about the market getting ready to hit a new all-time high on the same day the questionster is about to go into effect
fed can prop up the stock market and keep stock markets growing aroundded the world like they did in greece but you need sustainable economic policy. that something we do not have and that's what we need to see, to see the market continue to stay at these levels, not just reach a moneystone and then sell off. >> neil: melissa -- you might have already done the interview, talking to davey diamond, the brains behind j.p. morgan chase. he has been looking at the market' worried about what is...
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Feb 28, 2013
02/13
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. >> markets are up 40% s&p since mid-summer 2010 when everybody really got agitated by greece. throughout this period of crisis mentality markets have in fact done extremely well, even with the huge pullback in the fall of 2010 and some last year. >> ben willis from albert freeden company joins us on the floor of the exchange. you're the short-term trader. what are you doing right now? going to hang in there for this top? >> i think that we saw the top around 1:00, 1:30 this evening when the contracts blasted through. what i'm seeing right now is we're not going to quite make the record high that we had all hoped to make. doesn't mean we don't go higher. i know i've been saying for a while, and you and i have talked about the market needing a pullback. i think the pullback we saw from february 20th was very mild. i think we need to see more than that and i have the bull hoofs, my chest proves it, it was a bad call. the market needs to pull back. i get bullish and the market goes high. does this mean if you buy today, you'll be under water, probably not for long? again, like i s
. >> markets are up 40% s&p since mid-summer 2010 when everybody really got agitated by greece. throughout this period of crisis mentality markets have in fact done extremely well, even with the huge pullback in the fall of 2010 and some last year. >> ben willis from albert freeden company joins us on the floor of the exchange. you're the short-term trader. what are you doing right now? going to hang in there for this top? >> i think that we saw the top around 1:00, 1:30...
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Feb 28, 2013
02/13
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wealthiest individuals and corporations that are given special treatments in the tax code, the speaker greece with that. the disagreement -- agrees with that and the disagreement is now that closing those loopholes should be funneled back to the wealthiest people and tax cuts. we believe that should be applied to deficit reduction. by applying the savings to the deficit reduction, we're not asking seniors and middle-class families to bear the burden of deficit reduction by themselves. that is a pretty conservative position. that is a middle of the road, common sense approach to tax and entitlement reform. >> -- agreeing to some but now they are saying the other ones are bad? is there any contradict that you have to square in your message on that? >> if you're asking me the wind energy tax credit, it helps to support thousands of jobs and importantly, contributes to the develop and growth to this country, so the jobs are created in this country, i would say yes and a number of republicans agree with us. if you ask me an industry like clean energy that subsidies that are in effect for 100 years
wealthiest individuals and corporations that are given special treatments in the tax code, the speaker greece with that. the disagreement -- agrees with that and the disagreement is now that closing those loopholes should be funneled back to the wealthiest people and tax cuts. we believe that should be applied to deficit reduction. by applying the savings to the deficit reduction, we're not asking seniors and middle-class families to bear the burden of deficit reduction by themselves. that is a...
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Feb 28, 2013
02/13
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i realize i've just now ar gug the second half of the opposite side of the cohn coiin, they fear an greece on the horizon, which is nonsense, but you can't continue as the way it's been going. that's the impalatable truth. unless all u.s. politicians are prepared to have that serious debate with the public that starts saying, where do we cut, but republicans want it all on the spending side, democrats want it on the tax side -- >> and neither of those work. >> -- somewhere in the middle -- correct. >> gentlemen, don't go away. we're loving this. i'm just sitting back being ail spectator. i love those guys. stay there. we want to bring in allison at the new york stock exchange. dow flirting with an all-time high while all this uncertainty is going on in washington. it's counterintuitive. why the bullish behavior? >> reporter: sometimes, michael,there is no reason why stocks are moving higher. you look at yesterday's trading day where the dow was up 175 points. fed chief bernanke's comments on capitol hill saying he's not going to pull back on that fed stimulus going into the economy. that w
i realize i've just now ar gug the second half of the opposite side of the cohn coiin, they fear an greece on the horizon, which is nonsense, but you can't continue as the way it's been going. that's the impalatable truth. unless all u.s. politicians are prepared to have that serious debate with the public that starts saying, where do we cut, but republicans want it all on the spending side, democrats want it on the tax side -- >> and neither of those work. >> -- somewhere in the...
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Feb 28, 2013
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there is a record now because a lot of countries have tried it from spain to portugal to greece, countries slashed spending to address deficits in the name of budget austerity. their record -- lousy, persistent, double-digit unemployment and negative economic growth. the u.s. unemployment rate of 7.9% which is actually even higher than my home state is for sure too high, but it is far better than the rate of 26% unemployment in spain and greece, the record of 16% unemployment in portugal. our 2.3% growth rate may seem inadequate and it is, but as we recover from the deepest recession we've seen since the great depression, it is much better than the negative growth rates in the countries that took the austerity path. the results are clear -- the evidence is in from the austerity experiments. the countries that cut the deepest have hurt the most. if we want to continue growing our economy and creating jobs, we need to resist the european path that is championed by republican austerity advocates. we need to maintain the balanced approach that has brought the u.s. economy up out of recession.
there is a record now because a lot of countries have tried it from spain to portugal to greece, countries slashed spending to address deficits in the name of budget austerity. their record -- lousy, persistent, double-digit unemployment and negative economic growth. the u.s. unemployment rate of 7.9% which is actually even higher than my home state is for sure too high, but it is far better than the rate of 26% unemployment in spain and greece, the record of 16% unemployment in portugal. our...
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be deflated to death so i would say stay in the euro but now we ought to have a movement and i think greece is the is the leading edge of this force the european central bank to cough up trillions of euros of credit to rebuild the infrastructure of the continent starting above all with housing but then with all these other kinds of infrastructure schools and hospitals that we've we've been mentioning rebuild everything and create jobs that way we have the rocky at the european central bank he gives is basically zero percent credit but only if you're a zombie bank how about if you're going to build some bridges and some housing let's get zero percent credit for those people and then you make sure that you don't get these these characters like coming definitely a conversation that needs to be had. you know it's a context that we don't hear much on the corporate media thank you so much thank you a story investigative journalist webster tarpley appreciate it it's. looking like we see so far go to our facebook page at facebook dot com slash breaking the set sure to do it thousands of already dow
be deflated to death so i would say stay in the euro but now we ought to have a movement and i think greece is the is the leading edge of this force the european central bank to cough up trillions of euros of credit to rebuild the infrastructure of the continent starting above all with housing but then with all these other kinds of infrastructure schools and hospitals that we've we've been mentioning rebuild everything and create jobs that way we have the rocky at the european central bank he...
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Feb 28, 2013
02/13
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. >> this woman heard a fantastic story about a woman doing laundry in greece. i said, this is awesome, i have to try it. >> reporter: one woman's decision helping to fuel a mini revolution, one dish at a time. meal ku currently has 1500 members in new york city. people are setting up their own meal ku communities in southern carolina to california and you met this woman in the piece who had a laundry day bean soup and her grandmother made it. she put feta on top and i made it and my kids like it. my husband ate it. it was delivers. the soup's great. a lot of recipes are online. >> that's great. >> there is a small service fee, right? they just added a $10 a month service fee, part of it to pay for the messengers and to keep the runners going and back end technology. >> thanks for feeding us. >> any time. >> and tomorrow, too. >>> this is "today" on nbc. >>> this morning on "today's" home, shopping smart when it comes to things like kitchen appliances and cookware. hgtv magazine surveyed for their best saving secrets. and sarah peterson is here with results. goo
. >> this woman heard a fantastic story about a woman doing laundry in greece. i said, this is awesome, i have to try it. >> reporter: one woman's decision helping to fuel a mini revolution, one dish at a time. meal ku currently has 1500 members in new york city. people are setting up their own meal ku communities in southern carolina to california and you met this woman in the piece who had a laundry day bean soup and her grandmother made it. she put feta on top and i made it and...
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Feb 28, 2013
02/13
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was that if the election had taken place later or if you had another quick election, as you did in greece but couldn't hear, that would be my -- sweep the table, take everything in. that is going to make berlusconi and bersani figure out what their strategy will be. >> in terms of sequestration, art, may not be a big thing act, least immediately, but the long they are is prolonged, isn't it more of a headwind? i think the consensus -- seems the consensus in the market, sequestration will, in fact, kick in but congress will reach some sort of a deal to eventually retroactively peel back that sequestration in a short amount of time. but as the days go by and weeks go by you isn't that more of a headwind for the market? >> certainly will be. particularly because this sequestration a blunt instrument. they are taking away children's vaccine on the one end and leaving car fare to go to conventions on the other. >> or syrian rebel aid. what an odd week to mention that. >> for sure. things don't look like they are going in the right places. as i said before, made it sound so dire, almost wish th
was that if the election had taken place later or if you had another quick election, as you did in greece but couldn't hear, that would be my -- sweep the table, take everything in. that is going to make berlusconi and bersani figure out what their strategy will be. >> in terms of sequestration, art, may not be a big thing act, least immediately, but the long they are is prolonged, isn't it more of a headwind? i think the consensus -- seems the consensus in the market, sequestration will,...
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Feb 28, 2013
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in greece in february of 10 there was no problem at all. under 1% and under the german umbrella. two weeks later, ka boom. that's the way it will happen if we don't address this. >> on the show, they said nothing happened yet. i have been right. that's like me saying i'm not going to buy life insurance. every day you told me to buy life insurance and i haven't died. that holds up until the day it doesn't. when this storm comes, we don't see it coming a year ahead of time. >> this is the thing. >> the bond markets turn on us on wednesday and we are in free fall by the end of the week. >> two other times the nation had math problems like this that is ignored. stan told me they are in a tech bubble a year before it happened. this thing will be exploding. he did it with the mortgage and without a mortgage rate. he showed me the math did not work and the country ignored it. it almost destroyed america and this idea that we can ignore the math, we can just pretend because i'm a democrat and i don't want to cut medicaid and medicare. >> entitlements gro grew more under fort, nixon and w
in greece in february of 10 there was no problem at all. under 1% and under the german umbrella. two weeks later, ka boom. that's the way it will happen if we don't address this. >> on the show, they said nothing happened yet. i have been right. that's like me saying i'm not going to buy life insurance. every day you told me to buy life insurance and i haven't died. that holds up until the day it doesn't. when this storm comes, we don't see it coming a year ahead of time. >> this is...
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in greece the single worst place, the point of the spear, you never had looting. a few protests. a couple molotov cocktails but no real destruction of property. i was just in spain, it doesn't feel like it's a country on the verge of -- >> okay on that positive note we're going to say thank you for being here. constance, thank you. >> thank you guys. >> when we come back, we have a very special "squawk" newsmaker. budget committee chair and former vice presidential candidate paul ryan. we're going to find out what is keeping him up at night and what he wants washington to do about it. "squawk" will be right back. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c-class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> the oughtic sequester cuts are all but certain to kick in tomorrow. washington can't get its act together on a plan to reduce the deficit. budge
in greece the single worst place, the point of the spear, you never had looting. a few protests. a couple molotov cocktails but no real destruction of property. i was just in spain, it doesn't feel like it's a country on the verge of -- >> okay on that positive note we're going to say thank you for being here. constance, thank you. >> thank you guys. >> when we come back, we have a very special "squawk" newsmaker. budget committee chair and former vice presidential...
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the extension that was given to greece is a subject of a motion that was put forth by the portuguese along with ireland. and will is a working group considering that temt mop. i can't prejudice the outcome of where that would be, but it would be another step in the right direction were that to be approved. it's too early to say that yet. >> but it's only fair if you do get it. >> it is a matter that's being discussed. we all considered that because ireland had to borrow 64 billion and the tools and the mechanisms that are available now were not available then. so we considered that the level of debt imposed on our people was unfair. in that sense, the promissory note was important. but it's important now that the decision of the 29th of june last year to break the vicious circle between a sovereign and bank debt be broken and that the decision of the 29th of june actually be implemented. >> are you frustrated? are you frustrated with the progress on the banking union? >> well, i'm frustrated with lots of things. we don't actually have any time to waste here. but, of course, when you
the extension that was given to greece is a subject of a motion that was put forth by the portuguese along with ireland. and will is a working group considering that temt mop. i can't prejudice the outcome of where that would be, but it would be another step in the right direction were that to be approved. it's too early to say that yet. >> but it's only fair if you do get it. >> it is a matter that's being discussed. we all considered that because ireland had to borrow 64 billion...
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to be destroyed because they're not everywhere and today if you drop out of the euro suppose you're greece or italy what's going to happen is goldman sachs will come after you with credit default swaps and they'll drive your currency to the point where it's worth nothing you'll have hyperinflation if you're germany they'll do the opposite they'll drive it up into outer space so that you'll be you'll be deflated to death so i would say stay in the euro but now we ought to have a movement and i think greece is the leading edge of this force the european central bank to cough up trillions of euros of credit to rebuild the infrastructure of the continent starting a bubble with housing but then with all these other kinds of infrastructure schools and hospitals that we've we've been mentioning rebuild everything and create jobs that way we have draggy at the european central bank he gives is basically zero percent credit but only if you're a zombie bank how about if you're going to build some bridges and some housing let's get zero percent credit for those people and then you make sure that you
to be destroyed because they're not everywhere and today if you drop out of the euro suppose you're greece or italy what's going to happen is goldman sachs will come after you with credit default swaps and they'll drive your currency to the point where it's worth nothing you'll have hyperinflation if you're germany they'll do the opposite they'll drive it up into outer space so that you'll be you'll be deflated to death so i would say stay in the euro but now we ought to have a movement and i...
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best stick crisis that is coming as a result of our fiscal irresponsibility we're well on the road to greece and italy that the next secretary of defense and the president will have quite a free hand to make rather profound change in the military establishment the question is will they do it or will they simply cut away incrementally and leave us with effectively a hollow military one with lots of generals admirals and headquarters not very many people that can actually fight lots of chiefs no indians kelly is there any courage in washington to do exactly what we just heard. i am i am not very confident that i was talking with a senior navy officer last night you know i just happened to be. by myself in this conversation and i asked about what the feeling was and and the feeling now is a lot of despondency because i think within the military there is a strong contingent of of of officers and enlisted people who see the the circus going on in washington and what they're concerned about is that the see question allows the department defense to slash and burn at these places that really are mor
best stick crisis that is coming as a result of our fiscal irresponsibility we're well on the road to greece and italy that the next secretary of defense and the president will have quite a free hand to make rather profound change in the military establishment the question is will they do it or will they simply cut away incrementally and leave us with effectively a hollow military one with lots of generals admirals and headquarters not very many people that can actually fight lots of chiefs no...
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consequence that might actually are coming are rising up it because of austerity you got sarees in greece you've got the five star party. was in italy you've got the pirate party in germany and this is this is really interesting the five star movement in italy got a quarter of the vote it's run by a guy who is a identified in the italian press as a right wing comedian and here's their agenda. publicly owned water sustainable transportation sustainable development free and open internet access for everyone and environmentalism that's like the kid who would run for high school class president like in my high school every time somebody ran for class president he'd say everybody all day we're like oh and we're going to have soda machines in the cafeteria and we're going to have an open campus ban these say. let's go through these things that you're saying and probably going to water is a bad idea. well public of the public owns the water now but who's going to pay to put all the users there are privately owned water systems all of the united states all over europe it takes an effort to put it
consequence that might actually are coming are rising up it because of austerity you got sarees in greece you've got the five star party. was in italy you've got the pirate party in germany and this is this is really interesting the five star movement in italy got a quarter of the vote it's run by a guy who is a identified in the italian press as a right wing comedian and here's their agenda. publicly owned water sustainable transportation sustainable development free and open internet access...
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best stick crisis that is coming as a result of our fiscal irresponsibility we're well on the road to greece and italy that the next secretary of defense and the president will have quite a free hand to make rather profound change in the military establishment the question is will they do it or will they simply cut away incrementally and leave us with effectively a hollow military one with lots of generals admirals and headquarters not very many people that can actually fight lots of chiefs no indians kelly is there any courage in washington to do exactly what we just heard. i am i am not very confident that i was talking with a senior navy officer last night you know i just happened to be. by myself in this conversation and i asked about what the feeling was and and the feeling now is a lot of despondency because i think within the military there is a strong contingent of of of officers and enlisted people who see the circus going on in washington and what they're concerned about is that the see question allows the department defense to slash and burn at these places that really are more th
best stick crisis that is coming as a result of our fiscal irresponsibility we're well on the road to greece and italy that the next secretary of defense and the president will have quite a free hand to make rather profound change in the military establishment the question is will they do it or will they simply cut away incrementally and leave us with effectively a hollow military one with lots of generals admirals and headquarters not very many people that can actually fight lots of chiefs no...
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organizing these protests they are also saying they want which unfreezes but they want government to look at greece wishing input back. interesting can you tell us how many people took part and who made up this group of protesters i know we're talking in the thousands all students were where it was apparently the teachers who made up this group of protesters so the majority of the protesters were students and majority of the students were actually sort of the more grand students here but they're also working or if you're of the students and there were children who were also involved and just some who are back or who are also for the cause of interest ok tell us more about this group say or what were they protest what is that group about they're described as radical tell us more about this group right there kind of described in the area as more of the mills and more radical groups and basically they just their main goal right now is and i spoke about earlier is that they want free to wish and they want the government here to offer free tuition for the people who are in quebec and they think that we'
organizing these protests they are also saying they want which unfreezes but they want government to look at greece wishing input back. interesting can you tell us how many people took part and who made up this group of protesters i know we're talking in the thousands all students were where it was apparently the teachers who made up this group of protesters so the majority of the protesters were students and majority of the students were actually sort of the more grand students here but...
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our first look at a helicopter that investigators say was part of a daring attempted prison escape in greece. the chopper now full of bullet holes. cops say an armed group flew it over a prison courtyard on sunday, lowered a rope for a convicted killer. we're told the gunman opened fire on the guards down below but that the guards fired back and forced the chopper to land at a parking lot. police arrested everybody on board. and look at this. 81-year-old man does not back down when a couple of guys rip off his jewelry store outside of l.a. the robbers start smashing display cases with hammers. the goes after them without any weapons. one of his workers says he thought his boss was plumb crazy. >> crazy and sometimes we do things we act without thinking. >> it wasn't a matter of fighting. it was just just what he belonged to me. >> got away with the watches. the owner says he kept them from stealing even more. a multimillionaire space tourist says he wants to send a married couple on historic trip around the planet mardz and apparently people already fighting for the chance to spend 500 days
our first look at a helicopter that investigators say was part of a daring attempted prison escape in greece. the chopper now full of bullet holes. cops say an armed group flew it over a prison courtyard on sunday, lowered a rope for a convicted killer. we're told the gunman opened fire on the guards down below but that the guards fired back and forced the chopper to land at a parking lot. police arrested everybody on board. and look at this. 81-year-old man does not back down when a couple of...
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best stick crisis that is coming as a result of our fiscal irresponsibility we're well on the road to greece and italy that the next secretary of defense and the president will have quite a free hand to make rather profound change in the military establishment the question is will they do it or will they simply cut away incrementally and leave us with effectively a hollow military one with lots of generals admirals and headquarters not very many people that can actually fight lots of chiefs no indians kelly is there any courage in washington to do exactly what we just heard. i am i am not very confident that i was talking with a senior navy officer last night you know i just happened to be. by myself in this conversation and i asked about what the feeling was and and the feeling now is a lot of despondency because i think within the military there is a strong contingent of of of officers and enlisted people who see the circus going on in washington and what they're concerned about is that the see question allows the department defense to slash and burn at these places that really are more th
best stick crisis that is coming as a result of our fiscal irresponsibility we're well on the road to greece and italy that the next secretary of defense and the president will have quite a free hand to make rather profound change in the military establishment the question is will they do it or will they simply cut away incrementally and leave us with effectively a hollow military one with lots of generals admirals and headquarters not very many people that can actually fight lots of chiefs no...
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our children and our grandchildren, and inevitably we either are going to be on the road to athens, greece, or we're going to get o.right now i see very little movement, though the sequester, someone said it's a terrible idea, but maybe its time has come. >> right, right. what about climbing the wall of worry that we seem to be doing with this market? >> we have a battle right now and it's like muhammad ali and joe frazier when you think about the consumer. on the one hand, you have -- well, look, what is strong? what are consumers buying? as far as i can tell they are buying homes. they are buying automobiles. and they are buying greek yogurt. those are the only three categories that are actually strong. you look at restaurants overall have weakened. walmart, i think there's -- those internal e-mails were shocking. >> where are the customers? >> yeah, yeah. >> walmart represents 2% of gdp and if walmart is saying the customers are gone, then the tax hikes have had some impact. >> is that the impact for a market pulling back then, watching the actual fundamentals of the economy, walmart, y
our children and our grandchildren, and inevitably we either are going to be on the road to athens, greece, or we're going to get o.right now i see very little movement, though the sequester, someone said it's a terrible idea, but maybe its time has come. >> right, right. what about climbing the wall of worry that we seem to be doing with this market? >> we have a battle right now and it's like muhammad ali and joe frazier when you think about the consumer. on the one hand, you have...
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in france chaos in italy following the parliamentary elections and the ongoing problems in spain and greece all about once again raises a lot of questions about the future of the union i asked angus campbell from london capital group what he thinks of all this. we know perfectly well that the union is not working as had previously been visit when it first came about but that doesn't mean that the political resolve is not we have seen in the last. eighteen months to two years that political resolve is very much keeping the union together not only that you have. got a central bank the european central bank that is standing behind and backing the euro as well so as long as those two forces remain in. place the euro has very much going chance of surviving the challenges ahead of course are. the major economies of the euro zone are still heavily indebted to house rein in those debts it's not easy they want ever said it would be to be very hard but as long as you have the political resolve to do so and you have the e.c. be backing the single currency as well there's every chance that it can be ac
in france chaos in italy following the parliamentary elections and the ongoing problems in spain and greece all about once again raises a lot of questions about the future of the union i asked angus campbell from london capital group what he thinks of all this. we know perfectly well that the union is not working as had previously been visit when it first came about but that doesn't mean that the political resolve is not we have seen in the last. eighteen months to two years that political...
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revolutions uprisings crackdowns on dissent occurring all over the world from the ongoing protests in greece and spain to the arab spring which gave rise to uprisings in tunisia libya egypt the hurricane and syria among others we've heard a lot about the changes occurring in these countries one revolution has gone almost entirely unnoticed peaceful rebellion that led to the resignation of a government and redrafting of a constitution all in the midst of one of the most devastating financial crises in modern history since two thousand and eight the sub arctic nation of iceland has been rising above the ashes of total financial collapse but the peaceful revolution that has led to an innovative new government so to discuss the steps iceland has taken to quietly reshape its financial infrastructure and system of governance through nonviolent dissent earlier i spoke to stayner borsch an editor and economist of news of iceland i first asked him the steps the citizens of iceland took in the wake of the financial meltdown. three months of protesting the government went to resign and the new governme
revolutions uprisings crackdowns on dissent occurring all over the world from the ongoing protests in greece and spain to the arab spring which gave rise to uprisings in tunisia libya egypt the hurricane and syria among others we've heard a lot about the changes occurring in these countries one revolution has gone almost entirely unnoticed peaceful rebellion that led to the resignation of a government and redrafting of a constitution all in the midst of one of the most devastating financial...
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jenna: often we hear we are going to be like greece. you point out in your column this week maybe it's italy we should look at, why. >> italy had an election which had effectively new results, the failed many time pwerplz r- silvio berlusconi came in second. a comedian got 25% of the vote. it lee is basically ungovernable. >> you don't like comedians. >> i like comedians as comedians not as politicians. the count tree is ungovernable. why is that the case? they've had an entitlement problem that they've been racking up for the past 30 years. people think oh, italy is this big economic basket case it's always been that way, not true. the first 25 years after world war ii they had an economic miracle. italy's growth rate exhe'ded germany. jenna: better pick up one of the points you made, and i say this as half italian, i got neil cavuto in the background, we have the italians represented in fox news. but it seems sometimes when we talk about italy's economy or greece we make references to the culture. this is part of your culture, this is
jenna: often we hear we are going to be like greece. you point out in your column this week maybe it's italy we should look at, why. >> italy had an election which had effectively new results, the failed many time pwerplz r- silvio berlusconi came in second. a comedian got 25% of the vote. it lee is basically ungovernable. >> you don't like comedians. >> i like comedians as comedians not as politicians. the count tree is ungovernable. why is that the case? they've had an...
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this, in my view, if that had happened, america would look somewhere between greece and thunder dome, so it's fortunate that we have those institutions. we've got a lot of capital on the sidelines as the gentleman from california pointed out. investment needs funds, but it also needs people willing to take a risk. some criticize that as reaching for yields, but if everybody is only willing to invest in investments where the appropriate yield is 2% or 33%, -- 3%, we're not going to have small business lender. i never saw a small business with a 98% chance of success. we have banks out there. they got a lot of capital. they face a lot of pressure to invest 2 #% and 3% and 4%. i'm told by bankers if they invest in something with an 8% likelihood of default, they don't face an 8% reserve or a 10% reserve or a 12% reserve. they get 100% charge to capital. what can the fed do so that loans that are a bit, you know, they are not just the 2% or 3% lows, are valued conservatively and the portfolio is valued con -- conservatively, but not with a penalty evaluation. >> i want to continue that di
this, in my view, if that had happened, america would look somewhere between greece and thunder dome, so it's fortunate that we have those institutions. we've got a lot of capital on the sidelines as the gentleman from california pointed out. investment needs funds, but it also needs people willing to take a risk. some criticize that as reaching for yields, but if everybody is only willing to invest in investments where the appropriate yield is 2% or 33%, -- 3%, we're not going to have small...
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the markets because italy has two thousand billion euros in bed and it's six times bigger than what greece has and the international economy doesn't have the you know bit of the salvage funds to take care of a problem of this magnitude. squeezed in the middle the belt tightening greats whose income is being cut from every direction it's the average earners taking the pain of living cost outstrips workers wages that's coming up in a few minutes. and road aides yes this is an eight year old girl and she's driving at one hundred kilometers an hour in a video that's gone viral and it's gotten russian police worried the details after a break. choose your language. we can't with oh if you're going to kill some of. the consensus you. choose the opinions that you think great to. choose the stories that if you. choose the access to. leg. length . lead . lives. thank you welcome back if you've just joined us you're watching our live from moscow with me and he said now. that reaching sixteen and russia is a big moment for most young stars that's when they can start on the road to getting their driver
the markets because italy has two thousand billion euros in bed and it's six times bigger than what greece has and the international economy doesn't have the you know bit of the salvage funds to take care of a problem of this magnitude. squeezed in the middle the belt tightening greats whose income is being cut from every direction it's the average earners taking the pain of living cost outstrips workers wages that's coming up in a few minutes. and road aides yes this is an eight year old girl...
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pensioners who are already seeing their libraries being closed on in order to subsidize places like greece those people the germans who work incredibly hard the dutch i think they're very reluctant to want to go further and subsidize as i said the dog. how big is the danger that italy will follow increases footsteps into such severe debt. well technically we have to bear in mind the fact that actually day to day the italian government is not actually in the dire straits of the greek government i mean the good thing about deadliest they pretty much cover their bit bulls on a day to day basis the problem is that this dear old old civita factor dating back fifty sixty years of hugely coalitions that essentially didn't want to bite the bullet has led to the italian start of a huge debt mines and so already there at one hundred ten one hundred twenty percent of g.d.p. to get out of perspective that's not anywhere near one hundred fifty two hundred sixty percent that you've got in somewhere like greece up least but on the other hand if you compare it even to say the united states of america whic
pensioners who are already seeing their libraries being closed on in order to subsidize places like greece those people the germans who work incredibly hard the dutch i think they're very reluctant to want to go further and subsidize as i said the dog. how big is the danger that italy will follow increases footsteps into such severe debt. well technically we have to bear in mind the fact that actually day to day the italian government is not actually in the dire straits of the greek government...
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the markets because italy has two thousand billion euros in debt and it's six times bigger than what greece has and the international economy doesn't have the salvage farms to take care of the problem all of these. there's been no sign of progress following nuclear talks between iran and six world powers to iran faces possibly even more sanctions over allegations its building nuclear weapons something it denies and it's the arrangement people suffering most from those measures with the lack of medicine and food the details now from artie's arena port night. in an effort to stop tehran's nuclear program western countries have used an arsenal of crippling economic sanctions over the years in the interim america and its allies may have started a widespread medical crisis for the iranian people hundreds of thousands of iranians with serious illnesses such as cancer diabetes and all three of us can't reportedly receive lifesaving medicines because of international sanctions due to banking restrictions imposed by u.s. and european governments companies and hospitals in iran say they are on able t
the markets because italy has two thousand billion euros in debt and it's six times bigger than what greece has and the international economy doesn't have the salvage farms to take care of the problem all of these. there's been no sign of progress following nuclear talks between iran and six world powers to iran faces possibly even more sanctions over allegations its building nuclear weapons something it denies and it's the arrangement people suffering most from those measures with the lack of...
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the markets because italy has two thousand billion euros in there and it's six times bigger than what greece has and the international economy doesn't have the salvage farms to take care of a problem of this magnitude. talks between iran and six of the world's leading powers have brought no solution to the impasse over the state's nuclear program more negotiations are planned for april with tehran calling the current round of talks which concluded earlier on wednesday more realistic still iran's refused to budge on the closure of one of its plants in return for the possible easing of sanctions the west hopes the country will scale back its uranium enrichment to twenty percent some reports suggest tehran would be open to a many nations like the u.s. are willing to give them a coma see another go israel is running out of patience threatening to use force to stop iran from building a bomb mideast expert alley risk says the main decision makers were even present during these talks. if we look at the behavior if you look at the offers which were made i understand that the lifting of sanctions but
the markets because italy has two thousand billion euros in there and it's six times bigger than what greece has and the international economy doesn't have the salvage farms to take care of a problem of this magnitude. talks between iran and six of the world's leading powers have brought no solution to the impasse over the state's nuclear program more negotiations are planned for april with tehran calling the current round of talks which concluded earlier on wednesday more realistic still...
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got some showers in the forecast but not until next week. 5 greece for livermore. san jose 66, 67 for los altos tomorrow, san mateo 64. mid 60s for concord. pleasant hill. san rafael tomorrow. extended forecast upper 60s on thursday, 70s it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. lysol power & free. powerful cleaning that's family friendly. another step forward in our mission for health. for over 60,000 california foster children nights can feel long and lonely. i miss my sister. i miss my old school. i miss my room. i don't want special treatment. i just wanna feel normal. to help, sleep train is collecting pajamas for foster children, big and small. bring your gift to any sleep train, and help make a foster child's night a little cozier. not everyone can be a foster parent but anyone can help
got some showers in the forecast but not until next week. 5 greece for livermore. san jose 66, 67 for los altos tomorrow, san mateo 64. mid 60s for concord. pleasant hill. san rafael tomorrow. extended forecast upper 60s on thursday, 70s it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen...
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the markets because italy has two thousand billion euros in debt and it's six times bigger than what greece has and the international economy doesn't have the you know the salvage funds to take care of the problem of these mag. talks between iran and six of the world's leading powers have brought no solution to the impossible the state's nucular program more negotiations a plan for april with iran called in the current round of talks which concluded earlier on wednesday more realistic still around refused to budge on the closure of one of its main nuclear plants same return for an easing of sanctions the west still expects the country to scale back its uranium enrichment to twenty percent or many nations including the u.s. are willing to give diplomacy another go israel is running out of patience saying it will use force against iran to stop it from building a bomb however middle east expert says the main decision makers won't even present during the talks. if we look at the behavior if you look at the offers which were made i understand not the lifting of sanctions but rather having of san
the markets because italy has two thousand billion euros in debt and it's six times bigger than what greece has and the international economy doesn't have the you know the salvage funds to take care of the problem of these mag. talks between iran and six of the world's leading powers have brought no solution to the impossible the state's nucular program more negotiations a plan for april with iran called in the current round of talks which concluded earlier on wednesday more realistic still...
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the markets because italy has two thousand billion euros in day and it's six times bigger than what greece has and the international economy doesn't have the you know the the salvage farms to take care of the problem of this magnitude. now iran and six of the world's leading powers have failed to solve the impasse over the nation's nuclear program more to go she actions are planned as tehran says it didn't hear any new proposals from international mediators the west offered an easing of sanctions in return for the closure of one of iran's plants talks in kazakhstan it also wanted iran to stop enriching uranium to twenty percent in exchange for the resumption of goal trade on some international banking while many nations including the u.s. are willing to give diplomacy another go israel is running out of patience saying it will use force against iran to stop it from building a bomb however middle east expert at a risk says the main decision makers weren't even present during the talks if we look at the behavior if you look at the offers which were made i understand that the lifting of sanct
the markets because italy has two thousand billion euros in day and it's six times bigger than what greece has and the international economy doesn't have the you know the the salvage farms to take care of the problem of this magnitude. now iran and six of the world's leading powers have failed to solve the impasse over the nation's nuclear program more to go she actions are planned as tehran says it didn't hear any new proposals from international mediators the west offered an easing of...
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near luxor where nineteen people died in a crash on tuesday tourists from britain france japan and greece and china are among those killed in a hot air balloon exploded in mid-air before falling three hundred meters the pilot survived but he said to be in a critical condition. now recent health scandal in israel is causing outrage among human rights groups it was revealed last month that authorities gave female ethiopian migrants a birth control injections often without their knowledge or consent and now there are warnings of a serious legal backlash as artie's paula slayer found out. when i first arrived at the grand transit camp i got pregnant and i gave birth he told me if you don't take the shot we won't give you a ticket so i do exist shot but i didn't know that it would prevent pregnancies i didn't know. but more and more israeli women were becoming suspicious like one who runs a youth center in an ethiopian neighborhood in four years only one child was born here and the alarming statistic in a community where family wealth is countered by the number of children and where national f
near luxor where nineteen people died in a crash on tuesday tourists from britain france japan and greece and china are among those killed in a hot air balloon exploded in mid-air before falling three hundred meters the pilot survived but he said to be in a critical condition. now recent health scandal in israel is causing outrage among human rights groups it was revealed last month that authorities gave female ethiopian migrants a birth control injections often without their knowledge or...
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got some showers in the forecast but not until next week. 5 greece for livermore. san jose 66, 67 for los altos tomorrow san mateo 64. mid 60s for concord. pleasant hill. san rafael tomorrow. extended forecast upper 60s on thursday, 70s on friday. dry ooefr the weekend. no rain fall till tuesday of next week. be right back. shouldn't. but one guy couldn't help himself.. he threw a temper tantrum at the airport. check it out: a chinese executive completely lost it, and trashed a boarding area.. after he and d not one - but tw . >>> check this out. a chinese executive completely lost it and trashed an entire boarding area after he and his family miss not one but two flights. when they wsht on the plane after missing their second flight sporting announcement computer equipment went flying. he deaf niltly meant to hurt the glass doors leading toth airplane and when he koildn't breakthrough, he slammed the sign on the tes k. >> wow. >> well. >> i cannot top that. >> like a little toddler. >> no. all he wanted to do was go from coach to first klass. that's a big deal. >>
got some showers in the forecast but not until next week. 5 greece for livermore. san jose 66, 67 for los altos tomorrow san mateo 64. mid 60s for concord. pleasant hill. san rafael tomorrow. extended forecast upper 60s on thursday, 70s on friday. dry ooefr the weekend. no rain fall till tuesday of next week. be right back. shouldn't. but one guy couldn't help himself.. he threw a temper tantrum at the airport. check it out: a chinese executive completely lost it, and trashed a boarding area.....
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Feb 27, 2013
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there were probably great messengers politically in greece. they were all about achievement before the country went down. they achiefed a lot and invented a lot. the more seductively the politicians promise things it's tough to resist. even hardworking people the will eventually stop and say why am i being fiscally responsible when the neighbor isn't? the last election it wasn't the unemployment rate that mattered. it was dependency rate. >> dana: reince priebus, rnc. he gave an interview and said something along the line what is we know is people love sugar, they just don't like the dentist. it's an unpopular position for republicans to be the dentist, saying we want to preserve the program but to do so we will cut certain things when it comes to medicare, social security and medicaid. >> eric: i hate this. i hate this fighting. are the establishment republicans fighting with the conservative republicans? look, they need to get together and form one party that has a big tent for everyone. gay, straight, white, hispanic, african-american. you
there were probably great messengers politically in greece. they were all about achievement before the country went down. they achiefed a lot and invented a lot. the more seductively the politicians promise things it's tough to resist. even hardworking people the will eventually stop and say why am i being fiscally responsible when the neighbor isn't? the last election it wasn't the unemployment rate that mattered. it was dependency rate. >> dana: reince priebus, rnc. he gave an interview...
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the markets because italy has two thousand billion euros in there and it's six times bigger than what greece has and the international economy doesn't have the you know the salvage funds to take care of a problem of this magnitude. coming up for you later this hour a danger on russia's roads and a to. find the wheel by her parents speeding on the highway at more than one hundred kilometers an hour. the british middle class is shrinking and why i think the vision between the haves and the have nots. you know sometimes you see a story and it seems so you think you understand it and then something else you hear or see some other part of it and realize everything you. are welcome to the big picture. mission. critical three. three. three. three. two three. zero three blog video for your media projects free media. the cost of living increases across britain figures show the country's middle class is shrinking watching at the vision between the rich and poor and with austerity measures set to continue millions of people are having to accept that the life they once seen joy is now out of reach. the
the markets because italy has two thousand billion euros in there and it's six times bigger than what greece has and the international economy doesn't have the you know the salvage funds to take care of a problem of this magnitude. coming up for you later this hour a danger on russia's roads and a to. find the wheel by her parents speeding on the highway at more than one hundred kilometers an hour. the british middle class is shrinking and why i think the vision between the haves and the have...
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markets because italy has two thousand billion euros in debt and it's a six times bigger than what greece has and their international economy doesn't have the salvage funds to to take care of the problem of this magnitude. was the cost of living increases across britain because so the country's middle class is shrinking promising to widen the division between rich and poor and with austerity measures set to continue millions of people having to accept that i think they once enjoyed is now out of reach of the sarah ferguson story. for a large part of her life liz hoggard has been tapping away at building a life for herself as a freelance journalist she's been part of britain's middle class clearing credit cards pay their mortgages on time and they thrived during. but then came the bust and with the decline of opportunities that were for so long a middle class perk i didn't get a contract we knew because budgets were being cut and so all those little things you have in place you always live slightly on credit you know you go into interest in anticipation get paid quite soon that got much to
markets because italy has two thousand billion euros in debt and it's a six times bigger than what greece has and their international economy doesn't have the salvage funds to to take care of the problem of this magnitude. was the cost of living increases across britain because so the country's middle class is shrinking promising to widen the division between rich and poor and with austerity measures set to continue millions of people having to accept that i think they once enjoyed is now out...
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low 70s concord, antioch, into livermore you're looking at 69 for tomorrow. 66 san jose. 68 greece in santa cruz. the extended forecast there, the up warde trend will continue thursday, friday looking good, and into the weekend not bad. partly cloudy skies. the cooler day will be sunday. gasia. >>> seek sing dancing and controversial oscar hostset macfarlane said he won't host the award show again. his brand of humor seems to have offended some women's jewish and african american group. he made this statement on twitter when asked by a follower if he'd host again he said, quote, no way. a lot of fun to have doeven it, though. >>> thank you for trusting ktvu channel 2 news. we'll see you the next time news breaks. i'm gasia mikaelian, and our coverage continues with 10:00 news. tonight we are following the shooting in santa cruz that killed two police officers. we're always here for you at ktvu.com. tmz is up next here on tv 36. mom, i invited justin over for lunch. good. no, not good. he's a vegetarian and he's going to be here in 20 minutes! [ mom ] don't stress. we can figure this o
low 70s concord, antioch, into livermore you're looking at 69 for tomorrow. 66 san jose. 68 greece in santa cruz. the extended forecast there, the up warde trend will continue thursday, friday looking good, and into the weekend not bad. partly cloudy skies. the cooler day will be sunday. gasia. >>> seek sing dancing and controversial oscar hostset macfarlane said he won't host the award show again. his brand of humor seems to have offended some women's jewish and african american...